Board of Directors
Ronald M. Shaich
Founder, Chairman of the Board and co-CEO
Ron Shaich is the Founder, Chairman of the Board and co-CEO of Panera Bread Company. Today, Shaich is directing a range of long term innovation and strategic initiatives for the company.
Shaich began his career in the bakery-cafe industry in 1981 and went on to co-found Au Bon Pain Co., Inc. and, ultimately, founded Panera Bread. Today, the Company operates or franchises over 1,652 locations in 44 states and Canada. System-wide sales in 2012 exceeded $3.5 billion.
Under Shaich's leadership, Panera was the singularly best performing restaurant stock when measured over his last decade as CEO and the second best performing consumer stock on the S&P consumer index when measured over that same decade. Panera is the 6th most valuable publically traded U.S. restaurant company (as of March 29, 2011).
In his over 25 years as CEO, Shaich received widespread recognition for his leadership. Shaich was awarded the 2011 MUFSO Pioneer Award for being one of the most significant contributors in the history of the food service industry. Past winners have included Colonel Harland Sanders, Ray Kroc, Norman Brinker and J. Willard Marriott, Sr. In 2005, he was awarded IFMA’s Gold Plate Award for being the outstanding leader in the food service industry. As well, he has twice received the Nation’s Restaurant News Golden Chain Award which is given to figures who exemplify success and leadership in the food service industry.
Shaich has also been a national finalist for Ernst & Young’s Entrepreneur of the Year. The Company and Shaich’s innovative management style have been featured in Fortune, Forbes, Inc., Fast Company, The Economist, TIME, Wall Street Journal, The New York Times, all three network evening news programs (NBC Nightly News, CBS Evening News, ABC World News Tonight) and several books. As well, Shaich frequently represents Panera Bread on CNBC, Bloomberg, CNN and Fox News.
Shaich also serves as President of the Panera Bread Foundation and recently spearheaded the Panera Cares initiative, through which the Foundation created nonprofit community cafes aimed at addressing issues related to food insecurity. He is a member of the Board of Directors of the Lown Cardiovascular Research Foundation and on the Board of the Rashi School. Shaich formerly served as Chairman of the Board of Trustees of Clark University and is a former Treasurer of the Massachusetts Democratic Party. In March 2012, to signify their partnership and shared commitment to Panera, the company announced that Ron Shaich and Bill Moreton would share the title of CEO. Shaich is Chairman of the Board and co-CEO and Moreton is President and co-CEO.
Shaich received a Bachelor of Arts degree from Clark University in 1976 and a Master’s Degree in Business Administration from Harvard Business School in 1978. He resides in Brookline, MA with his wife, Nancy, and children, Michael and Emma.
For more information on Shaich, visit www.ronshaich.com. This Web site includes photographs, recent articles, presentations, interviews and publications.
William W. Moreton
President and co-CEO
William “Bill” Moreton was named Chief Executive Officer and President of Panera Bread and to the Board of Directors in May 2010, succeeding the company’s founder, Chairman and Chief Executive Officer Ron Shaich. In March 2012, to signify their partnership and shared commitment to Panera, the company announced that Ron Shaich and Bill Moreton would share the title of CEO. Moreton rejoined the company in October 2008 as Executive Vice President & Co-Chief Operating Officer.
Prior to joining Panera, Moreton served as President and Chief Financial Officer of Potbelly Sandwich Works. He also previously served as Chief Executive Officer of Wendy's International, Inc. subsidiary Baja Fresh. Prior to his responsibilities with Baja Fresh, Moreton was Executive Vice President, Subsidiary Brand Management for Wendy's, where he assisted with strategy and growth of developing brands. Moreton also served as Executive Vice President and Chief Financial Officer of Quality Dining, Inc.
From 1998 to 2003, Moreton served as Panera Bread's Executive Vice President, Chief Financial and Administrative Officer.
Prior to entering the restaurant industry, Moreton spent a decade in banking, accounting and financial consulting with Credit Agricole and Arthur Andersen & Co.
Moreton earned a Bachelor of Science degree in Accountancy from DePaul University and is a Certified Public Accountant.
Lead Independent Director since March 2008, Director since March 2000
Mr. Colasacco is President and Chief Executive Officer of Boston Trust & Investment Management, a trust company formed under Massachusetts state law. He joined Boston Trust in 1974 after beginning his career in the research division of Merrill Lynch & Co., in New York City.
Mr. Colasacco earned his Bachelor's degree and Masters of Business Administration degree from Babson College.
Director since November 2012
Ms. Hessan is President and CEO of Communispace, a leading next-generation market research company. Ms. Hessan founded Communispace in 1999.
Ms. Hessan has served on the boards of numerous organizations, including the Advertising Research Foundation, The Business Innovation Factory, the Progressive Business Leaders Network, the Mass Technology Leadership Council, Horizons for Homeless Children, The Boston Philharmonic, Stand for Children, and the Tufts University Board of Trustees. She has received many awards and citations for her leadership and workplace innovation, including Ernst & Young's Regional Entrepreneur of the Year and the Greater Boston Chamber of Commerce Entrepreneur of the Year.
Ms. Hessan earned her undergraduate degree from Tufts University and Masters of Business Administration from Harvard University.
Director since June 2003
Professor Foulkes is a Professor of Organizational Behavior and the Director of the Human Resources Policy Institute at Boston University School of Management and has taught courses in human resource management and strategic management at Boston University since 1980.
From 1968 to 1980, Professor Foulkes was a member of the Harvard Business School faculty. Dr. Foulkes serves on the board of directors of Bright Horizons Family Solutions, the Society for Human Resource Management and the National Academy of Human Resources.
Dr. Foulkes earned his undergraduate degree from Princeton University and Masters of Business Administration and Doctor of Business Administration degrees from Harvard University.
Director since June 2001
Mr. Franklin is President and Chief Executive Officer of Franklin Sports, Inc., a leading sports equipment company. Mr. Franklin joined Franklin Sports, Inc. in 1970 and served as its Executive Vice President from 1981 to 1986, when he took over his current post.
Mr. Franklin currently serves on the Board of Directors of Bradford Soap International, Inc., The Sporting Goods Manufacturer's Association, The Retail Industry Leadership Association, and the New England chapter of the Juvenile Diabetes Research Foundation.
Mr. Franklin earned a Bachelor's degree from the University of Wisconsin.
Thomas E. Lynch
Director since March 2010
Mr. Lynch is the Senior Managing Director of Mill Road Capital, a private equity firm which focuses on investments in high quality, publicly traded companies. From 2000 until December 2004, Mr. Lynch served as a Senior Managing Director of Mill Road Associates, a financial advisory firm that he founded in 2000. Previously, he served as the Founder and Managing Director of Lazard Capital Partners and held positions at the Blackstone Group and the Monitor Company. Mr. Lynch previously served as a member of our Board from June 2003 until December 2006.
Mr. Lynch earned his Bachelor’s degree with honors from Williams College, a Master of Philosophy degree from Oxford University and Master of Business Administration degree from Stanford University.